The January employment report revealed that the U.S. economy added 130,000 jobs in January, surpassing economists’ expectations of 70,000 jobs. This was also a huge improvement over December, when 48,000 jobs were added. However, the jobs report also included sweeping benchmark revisions that erased roughly 898,000 jobs from payroll estimates from April 2024 through March 2025.
On Wednesday, the Dow Jones index declined, slipping after a record-high close on Tuesday.
Meanwhile, the 10-year Treasury bond yield stood at 4.175%, and the two-year bond yield was 3.502%. The CME Group’s FedWatch tool‘s projections show markets pricing a 94.1% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
Index
Performance (+/-)
Dow Jones
0.21%
S&P 500
0.23%
Nasdaq 100
0.17%
Russell 2000
0.39%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Thursday. The SPY was up 0.35% at $694.34, while the QQQ declined 0.27% to $614.76.
Stocks In Focus
Micron
Micron Technology Inc. (NASDAQ:MU) jumped 3.33% in pre-market trading, continuing to gain following a surge of nearly 10% on Wednesday after Morgan Stanley raised its price target to $450, implying an upside of around 10% from the stock's closing price on Wednesday.
MU maintains a strong price trend over the short, medium, and long terms, as per Benzinga’s Edge Stock Rankings.
Novocure
Novocure Ltd. (NASDAQ:NVCR) shares soared nearly 33% in Thursday's pre-market after the U.S. ...
